In this episode, Max Keiser and Stacy Herbert discuss how Wall Street has won big time with zero interest rate policy and that the biggest winner, JP Morgan Chase, has seen its deposits increase by 46% from 2007 (pre ZIRP) to 2012 and yet its interest expenses declined by nearly 89%. They also discuss the Vomitorium in Florida where Obama’s ‘historic’ mortgage settlement may be used to plug government deficits or political pay rises instead of helping the 11% of mortgage holders in foreclosure. In the second half…

Art displayed at the Baillie House,art follows life then who,what,where, when and why.File Photo. KDG

The press is a 20th century phenomenon in its present form. Oral communications and book publishing flourished for antiquity and through the middle ages but only since modern constitutions guaranteed a free press has it been so proactive and investigative. In times when things published were usually the dictates of authorities a separate press and library system ensures democracy.

This is news from last week that we didn’t get to, fromReuters (emphasis is mine):

Germany’s police union and women’s rights groups accused the authorities on Tuesday of playing down reports of harassment, sexual assault and even rape at refugee shelters because they feared a backlash against asylum seekers.

[….]

…. police union chief Rainer Wendt said he believed that authorities in Germany’s federal states, which are responsible for housing asylum seekers, were playing down the problem of assaults on women in the shelters.

“It is understandable that there is the desire to calm things down politically,” Wendt told Reuters. But he, along with women’s groups, believed that ignoring the problem would be counterproductive. “There is a lot of glossing over going…